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Strategies & Market Trends : Technical Analysis - Beginners

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To: mark bailey who wrote (8389)	6/29/1998 3:57:00 PM
From: Nazbuster	Read Replies (1) of 12039

Mark, I'm just a novice TA since I'm still reading the books, but one of the things I remember regarding triangles is to abandon them if a move is not made in the first 2/3 of the formation. This one has gone on too long. The upward trend was broken near April and there has been a slight downward bias. Volume is diminishing. I'd say you can't tell anything yet and won't until the volume picks up. Too risky to call now. P.S. (edited) If I had to call it, I'd guess a move downward. Prices rising the last few days with shrinking volume. Overall downtrend.

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